Cygnus
  • 👋Welcome To Cygnus
  • Cygnus Network
    • What is Cygnus?
    • Why Do We Need Cygnus?
    • How Does Cygnus Work?
    • Cygnus Social App SDK
      • Cygnus Instagram App Layer
      • Telegram Mini App for Cygnus
      • Whatsapp Mini App for Cygnus
    • Bug Bounty
    • Grant Program
    • Cygnus Token
    • Research
      • Optimism
      • Optimistic Rollups
      • OP Super Chain
      • OP Stack
  • Cygnus Omnichain Liquidity Validation System (LVS)
    • Introduction
    • Collateral Mechanism & Asset Management
    • Vault Delegation & Restaking Framework
    • Network Coordination & Security Layer
    • Operator Registration & Incentive System
    • Resolver Governance & Dispute Resolution
    • Cygnus LVS Integration
      • cgETH
        • What is cgETH?
        • Core Features and Mechanics of cgETH
        • Security, Transparency, and Risk Management
      • clBTC
        • What is clBTC?
        • How clBTC Works?
        • Integration with CeFi and DeFi in Cygnus Network
        • Security, Transparency, and Risk Management
      • cgUSD v1
        • What is cgUSD v1
        • Why Cygnus Finance
        • Risk Warning
        • Protocol Mechanics
          • Mint
          • Wrap
          • Bridge
          • Redemption
        • Token and Contract
          • cgUSD
            • Comparison to Stablecoins
            • How it Works
            • On-Chain Price Oracle
          • wcgUSD
            • Comparison to cgUSD
            • How it Works
          • Smart Contract Audits
        • FAQ
          • Mint
          • Wrap
          • Withdrawals
      • cgTON
    • Cygnus Pool SDK
  • legal
    • Privacy Policy
    • Interface Terms of Use
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  • Registry and Metadata:
  • Interaction with Vaults:
  • Slashing and Timelocks:
  • Future Vision:
  1. Cygnus Omnichain Liquidity Validation System (LVS)

Operator Registration & Incentive System

Operators in the Cygnus ecosystem are entities responsible for running the infrastructure necessary to support decentralized networks, both within Cygnus and beyond. These operators are registered in the Cygnus protocol, which logs their interactions and maintains a comprehensive registry of operators. This registry includes metadata provided by the operators themselves and data generated through their interactions with the Cygnus protocol.

Registry and Metadata:

  1. Operators register through the Cygnus protocol, which stores various data points including the networks they are involved with, the vaults they are associated with, and their historical interactions like slashing events.

  2. This metadata helps build a detailed profile for each operator, which can be useful for future networks looking to select operators based on reputation and other factors.

Interaction with Vaults:

  1. Operators must opt into networks and vaults to participate in staking and infrastructure provision. This is done by calling the optIn() method in the NetworkOptInService and VaultOptInService.

  2. Once opted in, the operator’s stake becomes active and can be allocated by calling D.setOperatorNetworkLimit(), which is controlled by the OPERATOR_NETWORK_LIMIT_SET_ROLE.

Slashing and Timelocks:

  1. Once an operator opts into both a network and a vault, their stake becomes subject to slashing. The slashing process is managed by the S module within the protocol.

  2. A timelock can be applied when allocating a stake to provide additional guarantees to the operators, delaying the activation of the stake until the timelock expires.

Future Vision:

Cygnus aims to enhance its protocol to include more verifiable data and curated credentials about operators. This will allow networks to implement reputation-based operator selection mechanisms, increasing capital efficiency and security. This vision includes operators being able to attract diverse stakes from multiple partners, without needing to set up isolated infrastructure for each one.

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Last updated 9 months ago